CFPB Orders Installment Lender OneMain to Pay $20 Million for Deceptive Sales Practices

Lender pushed employees to hit sales targets and illegally withheld refunds By: Consumer Financial Protection Bureau WASHINGTON, D.C. — The Consumer

Read more

CFPB Joins Other Financial Regulatory Agencies in Issuing Statement on Completing the LIBOR Transition

CFPB Joins Other Financial Regulatory Agencies in Issuing Statement on Completing the LIBOR Transition  By: Consumer Financial Protection Bureau WASHINGTON,

Read more

CFPB Announces Revised Methodology for Determining Average Prime Offer Rates

WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) announced a revised version of its “Methodology for Determining Average Prime

Read more

CFPB Sues James Carnes and Melissa Carnes for Hiding Money to Avoid Paying for Illegal Payday Lending Business

Seeking to avoid more than $40 million in restitution and penalties, Carnes made a series of fraudulent transfers to his

Read more

FDIC Acts to Protect All Depositors of the former Silicon Valley Bank

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today transferred all deposits—both insured and uninsured—and substantially all assets of the

Read more

CFPB Orders Wells Fargo to Pay $3.7 Billion for Widespread Mismanagement of Auto Loans, Mortgages, and Deposit Accounts

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) is ordering Wells Fargo Bank to pay more than $2 billion in

Read more